HIVE Digital Technologies plans 320 MW AI infrastructure project in Canada
Summary
HIVE Digital Technologies has announced plans through its BUZZ HPC subsidiary to develop a 320-megawatt AI data center campus near Toronto. The project, estimated to cost CAD $3.5 billion, is expected to be operational by late 2027 and will support more than 100,000 GPUs. This expansion aligns with a broader trend among Bitcoin miners, such as TeraWulf and Hut 8, who are diversifying their business models by integrating high-performance computing and AI infrastructure to offset the volatility of cryptocurrency mining profitability.
(Source:Cointelegraph)